Oil and gas companies are cutting spending plans in response to the new coronavirus and a push by Saudi Arabia and Russia to ramp up output. International benchmark prices LCOc1 have more than halved since the start of the year, falling to around $25 a barrel. North American oil and gas producers have cut capital spending by about 30% on average, data compiled by Reuters showed. Below are plans announced by top energy companies (in alphabetical order): AKER BP Norwegian Aker BP ( AKERBP.OL ) will postpone non-sanctioned projects to cut its planned 2020 capital and exploration spending by 20% due to the coronavirus but maintains its production guidance. Capital spending for this year would be reduced to […]